Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has removed 63,000 accounts associated with the notorious “Yahoo Boys” scam group.
The company announced today, July 24, in its Q1 2024 Adversarial Threat Reports the accounts were used for financial sextortion scams and distributing blackmail scripts.
Meta reported that a smaller network of 2,500 accounts, linked to about 20 individuals, primarily targeted adult men in the United States using fake identities.
Meta said that it identified and disabled these accounts through a combination of advanced technical signals and comprehensive investigations, enhancing its automated detection systems.
“Financial sextortion is a borderless crime, fuelled in recent years by the increased activity of Yahoo Boys, loosely organised cybercriminals operating largely out of Nigeria that specialize in different types of scams.
“We’ve removed around 63,000 accounts in Nigeria attempting to target people with financial sextortion scams, including a coordinated network of around 2,500 accounts.
“We’ve also removed a set of Facebook accounts, Pages, and groups run by Yahoo Boys—banned under our Dangerous Organizations and Individuals policy—that were attempting to organize, recruit and train new scammers,” the company explained.
During the investigation, Meta said it found that most scammers’ attempts were unsuccessful, though some had targeted minors. These cases were reported to the National Center for Missing and Exploited Children.
Meta revealed that it also shared information with other tech companies via the Tech Coalition’s Lantern program to help curb these scams across platforms.
The parent company of Facebook said that it removed around 7,200 assets in Nigeria, including 1,300 Facebook accounts, 200 pages, and 5,700 groups that were providing scam-related resources.
These assets were found offering scripts and guides for scams and sharing links to collections of photos for creating fake accounts.
Since this disruption, Meta’s systems have been actively blocking attempts from these groups to return, continually improving their detection capabilities.
The company said that it has also been working closely with law enforcement, supporting investigations and prosecutions by responding to legal requests and alerting authorities to imminent threats.
The social media giant said that its efforts extend beyond account removal.
“We also fund and support NCMEC and the International Justice Mission to run Project Boost, a program that trains law enforcement agencies around the world in processing and acting on NCMEC reports.
“We’ve conducted several training sessions so far, including in Nigeria and the Cote d’Ivoire, with our most recent session taking place just last month.”
To protect users, especially teens, Meta said that it has implemented stricter messaging settings for users under 16 (under 18 in certain countries) and displays safety notices to encourage cautious behaviour online.
Last week, Meta was fined $220 millions by Nigeria’s Federal Competition and Consumer Protection Commission for multiple violations of data protection laws linked to WhatsApp.
The investigation, initiated in May 2021, found that Meta’s privacy policies infringed on users’ rights, including unauthorized data sharing and discriminatory practices.
Meta said that it plans to appeal the decision, arguing that it disagrees with the findings and the imposed penalty.
The FCCPC aims to ensure fair treatment of Nigerian users and compliance with local regulations.
Source: THE PUNCH.
